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Identification of Non-Additive Fixed Effects Models : Is the Return to Teacher Quality Homogeneous?

Hahn, Jinyong; Singleton, John D.; Yildiz, Neşe - National Bureau of Economic Research - 2023

additively and interacts with treatment variables. We present identification and estimation methods for parameters of interest in …

Persistent link: https://www.econbiz.de/10014322772

Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers

Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021

We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can raise prices significantly above static complete...

Persistent link: https://www.econbiz.de/10012496143

Price and Capacity Competition

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012465855

Dynamic Price Competition with Capacity Constraints

Betancourt, Jose M.; Hortaçsu, Ali; Öry, Aniko; … - National Bureau of Economic Research - 2024

We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline. In every period, firms simultaneously set prices, and a randomly arriving buyer decides whether to purchase a product or leave the market. Given remaining...

Persistent link: https://www.econbiz.de/10014635636

Oblivious Equilibrium for Concentrated Industries

Benkard, C. Lanier - 2013

This paper explores the application of oblivious equilibrium to concentrated industries. We define an extended notion of oblivious equilibrium that we call partially oblivious equilibrium (POE) that allows for there to be a set of "dominant firms'', whose firm states are always monitored by...

Persistent link: https://www.econbiz.de/10012459355

Information Favoritism and Scoring Bias in Contests

Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - National Bureau of Economic Research - 2023

Two potentially asymmetric players compete for a prize of common value, which is initially unknown, by exerting efforts. A designer has two instruments for contest design. First, she decides whether and how to disclose an informative signal of the prize value to players. Second, she sets the...

Persistent link: https://www.econbiz.de/10014247957

Screening Adaptive Cartels

Ortner, Juan M.; Chassang, Sylvain; Kawai, Kei; … - National Bureau of Economic Research - 2022

We propose an equilibrium theory of data-driven antitrust oversight in which regulators launch investigations on the …

Persistent link: https://www.econbiz.de/10013334437

The Dynamic Effects of Educational Accountability

Macartney, Hugh - 2014

This paper provides the first evidence that value-added education accountability schemes induce dynamic distortions. Extending earlier dynamic moral hazard models, I propose a new test for ratchet effects, showing that classroom inputs are distorted less when schools face a shorter horizon over...

Persistent link: https://www.econbiz.de/10012458749

A Sharp Test for the Judge Leniency Design

Coulibaly, Mohamed; Hsu, Yu-Chin; Mourifié, Ismael; … - National Bureau of Economic Research - 2024

We propose a new specification test to assess the validity of the judge leniency design. We characterize a set of sharp testable implications, which exploit all the relevant information in the observed data distribution to detect violations of the judge leniency design assumptions. The proposed...

Persistent link: https://www.econbiz.de/10014544734

Credible Numbers : A Procedure for Reporting Statistical Precision in Parameter Estimates

Astier, Nicolas; Wolak, Frank A. - National Bureau of Economic Research - 2024

insights from the testing statistical hypotheses of equivalence literature, we propose a methodology that only reports decimal …

Persistent link: https://www.econbiz.de/10014486216

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